Basking Ridge NJ Real Estate – Closed Sales First Quarter 2012

Basking Ridge NJ Real Estate – Closed Sales First Quarter 2012

 

The Basking Ridge NJ market is definitely heating up in early 2012!

 

Closed Sales in Basking Ridge are up sharply by 20% in the first quarter 2012 as compared to the same period last year. More recently, sales are up by an impressive 24% for the month of March as compared to last March, indicating a strong start for the spring season.

Buyers are taking advantage of record low prices, plenty of inventory and low interest rates to strike while the iron is hot. Sellers are also benefiting with the return of multiple offers, however not necessarily at or over List Price. In these situations, multiple offers are most often being used to select the best qualified buyers.

In addition, there is a certain amount of “pent-up demand” on both the buying and selling side of this market as many buyers and sellers have been sitting on the fence for several years now and see that the pendulum is beginning to swing in the other direction and as a result, they are taking action.

Look below to see the individual homes that sold in Basking Ridge NJ for the first quarter of 2012.  Also shown below are year to year comparison bar graphs for homes sold in each month of the quarter (January, February and March) over the past 5 years.

Basking Ridge NJ Real Estate - Closed Sales for 1st Qtr Bar Graph

A Year to Year Comparison of Homes Sold in the 1st Quarter 2008 through 2012

(Double click on spreadsheet for an enlarged view)

Basking Ridge NJ Real Estate - Detailed List of Closed Sales - January 2012

Detailed List of All Homes Sold in Basking Ridge NJ for January 2012

 

Basking Ridge NJ Real Estate - Closed Sales for January Bar Graph

A Year to Year Comparison of Homes Sold in the Month of January 2008 thru 2012

 (Double click on spreadsheet for an enlarged view)

Basking Ridge NJ Real Estate - Detailed List of Closed Sales - February 2012

Detailed List of All Homes Sold in Basking Ridge NJ for February 2012

 

Basking Ridge NJ Real Estate - Closed Sales for February Bar Graph

A Year to Year Comparison of Homes Sold in the Month of February 2008 through 2012

 (Double click on spreadsheet for an enlarged view)

Basking Ridge NJ Real Estate - Detailed List of Closed Sales - March 2012

Detailed List of All Homes Sold in Basking Ridge NJ for March 2012

 

Basking Ridge NJ Real Estate - Closed Sales for March Bar Graph

A Year to Year Comparison of Homes Sold in the Month of March 2008 through 2012

There are many factors that make up the differences in local real estate markets, even from town to town and especially in a small state such as New Jersey. This is why it is important for both buyers and sellers to obtain the latest “local” market data before they make any real estate decisions.

How to find Listings on your own:

For listings or information on Basking Ridge NJ or any of the surrounding towns in Somerset County including Bedminster, BernardsvillePeapack Gladstone and Far Hills, the Morris County towns of Morristown, Morris Township, Madison, the Chathams, the Mendhams, the Chesters and Long Valley along with the Hunterdon County towns of Lebanon and Tewksbury Townships simply use the search tool located on the right side of this page.

All listings are updated throughout the day so be sure to come back often for the most current information.  If you are unable to find what you are looking for using the search function on this website, or you are looking for a home that is unique with specific features, feel free to contact me direct and let me know exactly what they are.  My colleagues and I preview all kinds of properties each week and will be sure to identify just what you are looking for.  In addition, my office often features “exclusive” listings that are not released to the public that might be of interest to you as well.  I will be glad to answer all of your questions and arrange to show you the homes of your choice at a time convenient to your schedule.

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